AlanC, today's volume indicates that this is short
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Posted On: 05/15/2017 2:02:41 PM
AlanC, today's volume indicates that this is short-covering. We've seen lots of large trades, people paying up. This indicates panic on the part of the shorts.
I think that there was a lot of short covering on that phony 1.6million volume day, when they used the excellent 10-Q as an excuse to walk the stock down. Then, we've seen significant volume on Friday and today.
I don't think all of this is just the small-potatoes traders' gangs -- their absence elsewhere (or a little superficial and stupid bashing trying to cover up the fact that they've already covered) shows that they are now long, or at least covered. I think what we're seeing today is the big players covering.
I think that there was a lot of short covering on that phony 1.6million volume day, when they used the excellent 10-Q as an excuse to walk the stock down. Then, we've seen significant volume on Friday and today.
I don't think all of this is just the small-potatoes traders' gangs -- their absence elsewhere (or a little superficial and stupid bashing trying to cover up the fact that they've already covered) shows that they are now long, or at least covered. I think what we're seeing today is the big players covering.
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